ADAS and AV radar module market size anticipated to grow 1.6x times to reach $8 billion by 2025 and $12 billion by 2030, at a CAGR of 10.5 percent. 4D imaging radar modules expected to penetrate by 6.8 percent by 2025; only in a matter of 2-3 years, which is currently a niche market. Exterior application specially in the short-range applications such as blind-spot detection shows huge market potential along with in-cabin applications of occupant monitoring and left-child detection.
Vayyar Imaging, Arbe Robotics, Uhnder, RFISee, RadSee, Smart Radar System, Zadar Labs, Oculli, InnoSenT, Infineon, and Ainstein, are the leading emerging players in 4D imaging radar industry. While Texas Instruments, NXP Semiconductors, ST Microelectronics, Xilinx, and Analog Devices are the SoC providers aggressively working on developing 4D imaging radar solutions for ADAS and higher level of automation.
This research study exhaustively covers the key trends in autonomous vehicle industry and need for the deployment of 4D imaging radar technology. The study talks about following important factors of the market-
- Impact of COVID-19 pandemic on the automotive sales
- Repositioning Chinese auto industry in the awake of pandemic
- ADAS, Autonomous and Robotic Vehicles – Market Outlook
- Status of radar sensors in the ADAS and AV industry
- Understanding the potential change in the radar demand and its market size from different perspectives including – automation levels (ADAS, Level 2, Level 3 and Level 4/5), range of operations (short, medium-long), and frequency band of operation (24 GHz, 77 GHz, 79 GHz, and in-cabin application bands)
- Market penetration trend of 4D imaging radar-on-chip sensors for in-cabin and world-facing exterior sensing applications
- Impact of frequency regulations and allocations across different geographies
- 4D imaging radar hardware chip and software solutions and how it is expected to challenge the sensor suite dynamics